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I mean, of course, sports betting. In casino games based on chance, such as roulette, many more people will not be able to get rich - 99.9% or 99.99% or even 99.999%. There are many prerequisites for such a forecast. On the one hand, we know the statistics, although they are contradictory. The overwhelming majority of players, approaching 99%, according to various estimates, lose money in sports betting in the long term. If you ask me for links to studies, then, I'm afraid I will have nothing to show you. This is very difficult to do and difficult to achieve truthful results. Not all players are inclined to tell the truth and it will be difficult for an outside researcher to verify. However, the longer the period we take, the more likely it is that the winners are only people who were lucky. So I wonder what motivates people who want to get rich on sports betting if they believe in such a pattern? Do the players sincerely believe in their own exceptionalism and genius?

In sport betting or general in gambling be it sports, casino games they are all luck dependant games but as we play we can be certain of the out. It's just like Driving a car with someone else headlights without knowing that such person might change direction while driving and immediately they changes them you a left in dark whereby furthering ahead could give you difficult time.

So it is while gambling, we aren't sure and so many cases where things has changed and in sports betting anything could happen at the dying minutes where you feels that the game is over and yet something unbelievably could happen making it difficult for to go home with winning except such person bet on single game or low odds games.

Perhaps people who look forward to getting rich are indulging in fantasies. That they would feel like it's going to be their dream, and their luck will finally come. If you are a methodical person, you would know that there are probabilities and there's always going to be an advantage for the house, and mathematically, it's doomed. It's all about luck and a sprinkle of strategy.

Because despite not being based on random results, sports betting is still gambling. And gambling always benefits the operator rather than the players. If casinos have house edge, bookmakers have vigorish or juice. It's their version of the built-in advantage that ensures profit over time. Obvious or not, bookmakers don't provide fair odds. There's always that margin that favors them. It's business, after all.

Those who believe they can milk betting sites because they're good at analyzing or at the sports or leagues they're betting on are mostly just misled.

Gambling has always been this way and sports betting is no different, if you're lucky you go home with the wins and you can never be assured of any wins until the end of the event. Take for example yesterday, my friends and I staked on the supposed underdogs for the Supercup which is Tottenham and it was going very well, around 90 minutes, a friend of mine cashed out a good win and we were disapproving of his actions not knowing that he would end up being luckier than most of us who were waiting for the final whistle.


The possibilities motivates people, there are testimonies even from the streets of people who landed one huge win and became rich from sports betting, most people get delusional about the possibility of the next big win comming to them, so they do not give up on the mentality, instead they bet more to have more chances at hitting it big

I agree with you, because if a person is gambling for a living, maybe that's the time some people are getting rich. But some people gamble for some leisure time or just for fun; you need to consider this.

About players thinking themselves beinga  genius is I don't think so, because even in sports, not in luck-based games, there's still a place for luck. So, even how genius you analyze the game or study it, you will still lose. Being genius for some is only on their mind and they self proclaim it.

This is definitely how to play it safe and a way to go around gambling. As already stated in the OP that, majority of gamblers wouldn’t get wealthy from gambling, that’s just how the field is designed. It’s a concentration of wealth where the house gets to keep a large portion of it and the remainder is split to feed lucky gamblers, really few and the game continues.

If you aren’t being lucky at it and can’t hold back from gambling, best be having fun times from it while you gamble and keep a keen eye on your finances.

No one really gets rich because of betting, on the contrary, rich people become poor because of betting, even though someone thinks that gambling can make money, luck is the benchmark for who will win and it happens randomly, sports betting can be determined by the odds, even if someone can win with high odds, it can be said to be luck and the higher the odds, the higher the risk. If you bet high, there are 2 possibilities, you can profit in one night or go bankrupt in one night, but in gambling, losses often occur and are more profitable for bookies.

Yeah of course I'm sure about this, where players won't get rich from betting, especially in casinos not sports betting because the chances of losing are much greater.

Meanwhile, sports betting still relies on skill to win, but there's still no guarantee because the odds of skill and luck are 50/50.
Is there anyone who relies on betting to get rich?... Isn’t this difficult because, in fact, any form of gambling doesn’t guarantee continuous wins losses are more commonly experienced.

Instead of starting a thread saying what you think, you could have backed it up with links. You're not wrong, but the percentages you give are incorrect. The percentage of profitable sports bettors that is usually cited is around 3%. Some sources cite up to 5%, but that doesn't mean that percentage wins a lot of money; many of them might just win a couple of hundred on average per month.

What Percentage of Sports Bettors Are Profitable?  (https://www.boydsbets.com/percentage-profitable-sports-bettors/)

Why 97% of Sports Bettors are UNPROFITABLE in 2025 (https://www.youtube.com/watch?v=sLZWPgP4zrk)

How Many Sports Bettors Are Actually Profitable? Ultimate Guide (https://www.underdogchance.com/how-many-sports-bettors-are-actually-profitable/)

I disagree. Let's say that among the many people who make a simple Straight bet in roulette, there will be statistically
100%-(1/36)*100%=97,(2)%
losers (for example, I made the most primitive calculation). I believe that a x35 payout can be described as "getting rich," even if only for a short time :D.

So it's not at all obvious which is more promising for a person who wants to try his luck and get rich - betting or gambling. At least the latter do not carry the risks of match-fixing, biased refereeing, etc.

No matter what gambling games you play, you will difficult to get rich. Most people will lose their money but that doesn't stop them from trying. They really need luck to win so they don't have to push themselves hard in gambling. The players should not think or believe they will luck from gambling and win much money.

Related to sports betting, some people can win but they can not win too often. That is because we can not have an accurate prediction and give us the win. The match can change anytime without notice. So we must realize that we place our bet based on our analysis and let it happen. If we win, that is our luck. But if we lose, our luck is not with us.

In reality, if you behave like a criminal, you can get rich through sports betting.
There are corrupt players who specifically set up fixed matches to win bets.

https://www.repubblica.it/sport/calcio/2025/04/11/news/calcioscommesse_giocatori_serie_a_indagati-424121429/

Unfortunately, where money is involved, people change.

Back when I was still very young and hadn't really understood gambling, I thought and believed that gambling could bring good fortune through big wins. That was what made me gamble often in my youth without thinking about how gambling actually works. However, after going through bad experiences with gambling and distancing myself from it for a while, I realized that gambling is not a place to expect wealth or big wins.
Gambling is merely a form of entertainment, and we shouldn't expect anything from it except enjoyment. Whether in the short term or long term, gambling remains gambling, and if we want to become wealthy, it's better to work for it than rely on luck.

First of all, not everyones goal is to get rich in gambling, majority gamble for fun and to earn. Between earn and getting rich is a huge gap. More correct will be to say that 99,99% of gamblers will never get a really large win. And the reason for that is not because huge win is one, but gamblers are thousands and millions, reason is because only few are ready to take a huge risk. Little amount of gamblers will choose 1% win chance bet, not many even will choose 50/50 win chance while betting.

I'm pretty sure not all people believe in pattern, and I know personally that you won't get rich in sports betting if you are not an expert based on my experience. It's called gambling for a reason and it doesn't always go on your way, I'm pretty sure most people are just entertaining themselves and adding a little thrill to the teams or games they would watch more often. People who thinks gambling can be a source of income are probably the ones that are more likely to get addicted to gambling thinking they can beat the system or the gambling itself.

Sports betting isn’t pure luck like roulette, but the odds still work against most people because the bookmaker takes a cut on every bet. To actually make money long-term, you’d need a real advantage using solid data, strict money control, and smart strategy. I think there are only few number of pros manage to pulled that off. Most people lose because they let emotions guide their bets, manage money badly, or mistake a lucky streak for skill, and over time those wins fade.

Many keep going because they believe they’re built differently than others should I say gifted users than the rest, but in truth they’re competing against experts and advanced computer models, which makes consistent big profits extremely rare. Even the smartest guy can eventually fail at this.

This is for real given that all games has house edge then combined it to human error that makes it complete disadvantage for player to play and make rich against the casino.

There’s no need to study for this to prove that your statement is true since a simple statistic and probability on the winning condition of player will prove that house always win.

Besides, Casino has max profit set on their casino therefore there’s always a limit on the number of person that can win big.

Some truly do believe that and I guess since they are the late generation probably they take Mourinho as an example which use to call himself "The special one" and he was a not a well known trainer nor a well known football player. I guess since he managed to win big with a couple of big teams people think that in any other category can be some one who can become "The special one" including gambling and sport betting in general. Now I know that the number is correct as we know a lot of people from our small gambling circle which can be a huge one if we put all the circles together that 99.99% of people we know are at a loss in the longer run.

It's more on the risk, not the numbers in my opinion. It's the unknown that we wanted to take and see how we are going to fare with that. And there are sports bettors that we have seen in the past hitting multipliers that we can only dream of.

Small stakes that turn into thousands or even hundreds of thousands of dollar. And that is the exciting part on sports betting, it's our analyze against the unknown. Maybe we are one lucky guy that everything fits perfectly that even if with 100x or higher let's say in a parlay, we will hit it because of how good our analysis of the game. Of course, not everyone will be lucky and majority is going to lose, but as gamblers, that is the thrill for us.

The remaining 1% don't become rich. They might make a good living gambling, but they'll return the entire amount they earned, or even more, within a year or two at the latest.
So, it's not a 99% chance, but a 100% chance.
There's no such thing as becoming rich through gambling.
It's just a pastime and thrill for those with plenty of money.

Depends on what you mean as rich. Getting rich in a third world country is not the same as getting rich in a first world, western country. But the odds do remain extremely low, for either.

I think players do become convinced of their own exceptionalism, as you said.

Some gamblers start thinking that they can somehow trick the system and either become a millionaire or somehow make a secure, steady income out of their gambling activities, even though the mathematics show the probabilities are against them at all times and therefore make their dreams nearly impossible.

Both in sports betting and casino game, the possibility of many gamblera becoming rich is very small. Even on this forum, how many gamblers here can say they have become extremely rich through gambling or betting? The way it rare here, that's also how it's rare in the outside world, there's maybe 1% of people that became rich through gambling. That's the reason why people are always advised not to take gambling as a source of income because it's not very favorable.

Worse, they will not tell the truth because they don't want to look like losers. So yes, it is difficult to see the results even if we do some surveys.

Anyway, this is 100 percent correct, especially for those who are playing casino games. We will never be rich unless we decide to bet just once with a high amount of money, win it, and never come back. But that's rare to happen. Most winners will probably go back hungry for more. The risk factor will also be considered. I doubt someone will try to bet $500k in one bet, especially if you are just an average monthly salary employee. Only the rich will try to bet large amounts because they can.

I don't think anyone gets truly rich from betting. In general, sports betting is also considered gambling, and we know luck is a significant factor in gambling. Winnings are indeed possible, I'm sure. But achieving big wins in gambling depends on your capital and the amount you bet. Even if you deposit a large amount of money and use a large bet, there's still no guarantee you'll win the same amount. Only the bookies get rich from gambling. :D

The goal was never to get rich with sports betting, anyone with that delusion needs to wake up before its too late. I know there are few persons who were lucky to make money from sports betting, but its usually high risk bet, and discipline, as well as research, staying informed and a a lot of luck. While other people end up losing more money to betting in the long term.

Some people still believe the earth is flat so don't be surprised if we get certain players who think they can get rich from gambling either via casino or sport betting. It is their belief and we can't do anything to change it, it's something they will learn it by themselves or they will never learn anything at all.

Be responsible and you can live a better life.

I wouldn't be so sure about that percentage. In my opinion, it's more like 55% of gamblers lose more than they win. With those odds, it's still silly to bank on winning, but they're not that dramatic.

I have seen many sports bettor who successful today through sports betting, how do they come about it today?
One thing we must know about sports betting or gambling is that we can not predict how the games goes and how it's being manipulated sometimes we would see games that are almost finished but at a very slight mistake the other team would win. And of course there are people who have been losing for long having a very hard luck to win in gambling, I believe those who just gambles for entertainment purposes are those who often makes winning than those who gamble for profit.

Yes, it is true that if you bet randomly, you will lose. I think in sports, if you bet on a good team, you will go, if you don't bet on your favorite team, you will go bankrupt. I completely believe that no one can become rich by betting, rather a rich person can become poor only by betting. So I would say if someone gets rich by betting on luck, then it becomes like gambling. But there is a lot of risk in it, I think if that is the case, then it can be called luck.

Those who have been gambling for a long time are able to predict the long-term results of gambling to some extent. They know that a gambler will lose in the long run. But those who are new to gambling think that they will win in the long run. They will win more than they lose. They have a kind of belief that they will win at some point. Some believe that even if luck is against 99% of gamblers, they will be among the lucky 1% of gamblers. Gamblers do not always provide accurate information about gambling. Some view gambling as a negative thing because they are reluctant to provide information and because it is difficult to collect accurate information for research related to gambling.

Reading the post above, it was enough to say that OP is right. Betting is not much different from pure-luck-based games. We more often lose than win.

I believe it was not too late to change our mindset. Instead of insisting that we become rich in gambling, I think we have to accept that it is impossible. It is better to assume nothing rather than forcing ourselves to believe that there is a chance. In this situation, we never feel bad when we lose, nor too excited when we win.

It's not even possible to get rich through betting and for those that won huge amounts of money that were once financially boyant they tend to fall back to zero because gambling is like a drug the more you get you'd continue to chase more. I know a lot of people that won millions from betting but ended up misusing what they had. In the long run getting rich form gambling is impossible instead it's going to make you poor

Anyone that wants to get rich through gambling is a joker because you will end up in frustration and depression after you have lost it all. Be it sport bet or any skill game, a gambler will always run at loss in the long run. This is why it's important not to gamble for profits but for fun and if you win your bet, it's a double gain.

Gambling is based on luck which made me not to even think that I am a genius and can win big in future.

I find it very difficult for a person to get rich from sports betting I don't see it as viable because no one has the absolute truth about an upcoming event.

There are bettors who engage in this activity all the time , and they spend a lot of money and are rarely successful, It's easy to deduce that they have more losses, and they know it, but they accept it and continue doing it these are things I don't understand, but I do believe it's possible if there's a good betting plan as a sports specialist.

Yeah that's true, hence we need to accept if we're losing in gambling. Some people might feel this is like a challenge to beat the odds, but they have to know the truth if most gamblers are lose.

If there's a someone become extremely rich through gambling or betting, they won't be active on this forum again because they focus on gambling and other thing that makes them happy.

I believe there are users who make money through gambling, see on Games & Rounds, the users that participate are usually low rank accounts who're not active making post.

I agree all gambling games depends on luck no matter how well you think you understands the game there is no assurance. I don't think we can be certain of the outcome as we play, we can only increase our chance of predicting right but there is no certainty.

Yeah but even if you bet on low odds or single games they can't always come through and so you can't always win playing single games or low odd games if not everyone will be playing it. I have seen some people win some huge amount in gambling but when I asked them how they managed it and how are the loses they made it clear that the losses are also there but they just kept trying and one day they got a massive win.

In the betting world only bookmakers or platform owners become wealthy because they have an edge. Even when the odds appear 50/50, the system is designed to benefit the bookmaker in the long run. Very few players consistently profit from betting over the long term. While I don't deny that a handful of people can become wealthy through betting, they are the rare exception, perhaps one in a million.

Poverty, lack of financial knowledge and hype from other gamblers that they see winning such huge amount of money. And that's why they believe that this pattern through gambling and becoming rich could be possible. The reality is there, and it's possible but we should have crossed out ourselves from it and only a few lucky folks can be those guys.

Sadly, yes. The confidence level of those gamblers that believe that they're going to make it is not surprising but it's a lot. While they understand the reality, they believe that they can alter that and even facts are already into their minds. No one can stop them from believing so and they'll even reason out and debate you that it's not going to hurt them from trying.

I think it is still possible to become rich through gambling, but it’s a one-in-a-billion chance. And it would have to look like this: a beginner wins a huge amount right away within his first few tries, an amount that is more than enough to leave him satisfied and change his life. He doesn’t have time to develop an addiction. His need for money disappears, he views his gambling experience solely as a one-off, extremely lucky event, and never return to it again. Can this happen? Theoretically yes, but the chances are extremely small.

No player have had It easy in any gambling game, sports betting isn't just entirely the bad egg in the betting industry. Even casino betting hasn't really made anyone rich either because it is still the same as sports betting. However, generally anyone that believes that they would get rich through gambling is actually a joker because it doesn't happen that way, gambling is based on luck and strategy and not everyone is smart enough to master the strategy and become rich from it, sports betting and any other gambling games have their own challenges differently and people have lost money to them in different occasions but it's clear that luck plays a significant role.

Though, any gambler that is still depending slowly on getting rich overnight is gambling at his or her own risks because it is not possible to make a living through gambling. Sometimes I used to wonder why someone would purposely hope on get rich quick through gambling without realizing that luck plays a significant role in determining the final outcome. Honestly, gambling is supposed to be for fun and entertainment with only what you can afford to lose because there is no guarantee of winnings in gambling.

They believe they can win so that makes them still have faith to gambling. They know that luck plays a role and if they don't have luck, they will not win, no matter how hard they try. Their motivation is when they see their friends win from sports betting so that makes them try. They don't think about the loss because they believe that just a matter of time for them to win.

Getting rich from gambling is difficult but people seem don't care about that. Once they win, they will not stop gambling but still place their bet and hope they will win again.

Did you believe there is something like strategy in gamble? Me personally would say that gambling is purely based on luck there is nothing like strategy. Even though some gamblers may be going for smaller odds and then, boost it with a huge amount of money yet, they still experience lose most times. so Long as gambling is concerned there is no strategy that you will apply that would prevent you from losing your money to gamble  or becoming rich from it, Moreover I have never seen a gambler that become rich through gamble, rather I have seen people wining a huge amount of money from gamble. So I don't really know how you identify Rich gamblers, but being rich is not just when you hit 1m from gambling.

Although I don't have a concrete statistics to back this up but I believe that almost all gamblers won't get rich through it on the long term. The reason is that if you win big and continue to gamble there's a likelihood that you will lose everything back to the casino. Unless you win huge amount of money and quit gambling for good or you're smart enough to invest the money into a something that will be generating you income. But if you're using the money to continue gamble perhaps you want to double it some more you will most likely lose everything back to the casino. Gambling shouldn't be seen as a get rich quick scheme or a business that you are guaranteed of making profits, when you win take it and enjoy yourself.

Getting rich by gambling is just a dream, it is rarely seen in reality. And those who have these dreams are nothing but unemployed or stupid. Those who have the mindset of becoming rich and are willing to work hard and spend their talent will never depend on gambling, rather they will find a way with their skills through which it is really possible to become rich.
But when you only have the mindset of becoming rich, but are not willing to work hard and spend their talent, gambling can be an easy way for them. But the chances of you getting ruined on that road are more than 99%. You may not be as lucky as you can get rich by gambling. In this case, I do not want to make any division in gambling, the same happens in all types of gambling.

The problem start from how people got entangled by what they saw online being promoted and they don't even take time analyzing on the possibility to that, as not everything we see must be treated the same way they appear, some needed to be given a more broader thoughts before we can accept their offers, but as many of us are inexperienced in them, we may not know which one to avoid from the ones to accept from them.

I think it's more of the hope that what gambling gives that makes people gamble more in the process.

We all know that sports-betting is considered one of the most famous methods of gambling due to the application of factors that can turn the advantage on your favor. Unlike your conventional slots where you rely purely on luck, sports-betting gives you an opportunity to bet on teams based on its statistics on how well it performs against a certain team.

Applying what I mentioned above, of course not everyone thinks that they could get rich in sports-betting or in gambling. But what it primarily gives is the opportunity of earning secondary income by using their knowledge on that specific sports. In conclusion, I do think that this is what drives people in the endless cycle of betting in the process.

Your estimation might seem very high to a lot of people but it's actually true... Getting rich from gambling is almost impossible, on some of the gambling ads we come across they make it look like it's easy to just become a multi millionaire overnight after playing some casino games... It's a business created for them to make profit, the odds are not in your favor to win, this is why people always say that gambling is a losing game

Gambling doesn't make people rich. Yes, gambling can give one a huge amount of money, but if one is wise enough, the money can be well managed, which can generate more money. However, just gambling and expecting a win that will make one rich without managing the money is impossible. Winning big in gambling is by chance, and it does not come all the time; it cannot be accumulated to become rich.  

It is rare for people to become rich from gambling because many gamblers who win big do not use the money they won in a business that will bring in more income. Instead, it is used to get what they want and to party and celebrate their big wins.

Some don't believe in this. In terms of sports betting, I have met more people who believe their skill can determine their success, so instead of accepting the real fact that winning chances are based on luck, they choose to do better and improve their skill instead, which is why they can boldly say with the right mindset and skill they can change their life with betting. Those who believe it's only by luck also have the mindset that if gambler A can be lucky to win, then they can also be lucky to win as well; it's just a matter of time and for them to have hope.

This is the typical mindset of every gambler. They only look for the potential win instead of possibility to get because if we consider a higher winning chance rate bet the payout will just very small that’s why many take risk for the sake of winning a one time big time bets.

Lottery is one example on games with terrible odds of winning yet many people still regularly betting as if they can be a winner easily.

The hope winning the jackpot someday makes them ignore the reality check on the winning probability.

The truth is that the casino is always the one getting richer because at the end of the day the statistics of losers are higher than winners and even though there are times when an individual player can win a very huge amount through direct winning from staked bets or through jackpots but it rarely occur such that even in such cases, it will take the casino a short time to recover the previous losses because many gamblers will still lose more. Have you ever wondered why new casinos keeps generating? that is basically because they are the ones gaining and hardly you will see any casino go bankrupt and goes down, the highest thing that can happen to a casino is to lose it's popularity and another one takes over but they never goes broke.

Certainly,the  tendency of this expectations is completely unrelated and an unrealistic targets.Gamblers are not certain to be 100 percent guaranteed of survival since it doesn't make people rich and wealthy enough for comfort.Nobody is a master of gambling, gambling favours anyone at the time or moments it deems lucky.

I also like to do sports betting. I used to not like it, but lately, I've grown to like it because I've seen and discovered that it's safer compared to slot games.
Although, I can't deny that you can really win a large amount of money in slots if you get extremely lucky.

But the chances of always losing in slots are high. I've been playing slots for years, and my losses are countless, while my wins I can count on my fingers. With sports betting,
however, there's more of a thrill for me, and I can control my losses more compared to slots, based on my own observations.

99%? That's way too pessimistic op. I feel that it's more like 90% while 10% do get rich through gambling. A bigger portion of that 10% manage through sports betting, poker, card counting etc where skill is involved along with luck.

Majority of that 90% play to win big money and change their lives regretting it later on while the minority play just for the sake of fun and don't really regret playing.

In this case then the declaration should not be an absolute statement that 99% of the players will never get on bets since there is no statistics to back up the claim.  It is much better to have a modal statement or a disjuntive one that is open for both possibilities or an speculation that it is possible.

I agree that the majority of sports bettors will never get rich since the odds is often times too little for the small money to reap a huge reward unless one got lucky on a parlay bet that yield thousands to million times the base bet just like the one in this quote:


source:  https://www.thepunterspage.com/biggest-sports-betting-wins/

I totally agree that it's very difficult to get rich through gambling and I believe it's a very small percentage of people that gamble really get rich from it, because it's a game of luck just as you have mentioned.
Something else we need to consider is that the betting companies and casinos are set to make profit, so if all gamblers become rich from gambling then the betting companies and casinos will definitely go bankrupt,  which is never the aim of establishing it. Nobody should expect to get rich through gambling, I advice you just enjoy it while you play and try to control yourself, so you don't lose it all

Gambling is essentially a business and of course, they operate with the goal of making a profit. Additionally, casinos often employ marketing strategies to attract players, including free spin bonuses and other incentives. This can also help them build a loyal customer base and encourage existing players to continue playing, thus increasing the host's revenue. And you're absolutely right gambling should be done simply for fun, not as a way to earn a living.

I think it's the other meaning of what OP wanted to tell us. It's not that we're going to win guaranteed of 99%-100% in gambling but it's about the 99% of people who won't become rich on it and not about survival.

No one is, but if it's about luck, we can't tell how many of us here can be one of those. But count those that have proven and tested that they've been lucky at most times with gambling or use gambling for some incentive,s like those who have VIP accounts. They might not be rich in terms of their wins, but they're benefiting from their wagers.

Everything matters with luck on which means that if you arent that good enough when it comes to self control then you would be ending up on being poor with gambling. Winning is just that a bonus into the fun and entertainment that you have gotten. It would be just that too impossible that you cant be able to determine on what is gambling/betting is all about. 99% of players will never be getting rich with betting but we cant be able to deny the fact that there are indeed those who are that good and profitable with sports betting on which of course the amount or numbers of those who are that into this state would be just that small and this is something that majority would be trying out to achieve and thats why they do end up on having that miserable lives just because they've been that trying out to become that thinking to be that profitable with it.
Its always been that recommended that you should be making out some bets for the sake of fun and leisure. The common issue on here is that when you do lose up a bet then you cant just that easily move on on which you would be trying out to chase those loses and would be betting even more and this is something which is that very bad. Its always that been best that you do know that on what you've been doing and you should be that trying out to maximize your bankroll to have that fun, but you dont make yourself that being too agressive with it.

You don't need studies for that, you just need to do the calculations based on the fact that house has the edge.

Let's say that they would give 1% of their users $1M.

That would mean that 99 / 100 players would need to lose over 10k for that casino to even get their own money back. This wouldn't even cover any other costs like servers / staff and advertising. Mathematically it doesn't make any sense that there's enough changes, that you would even know anyone who got rich by gambling. But that can theoretically happen as well.

Rich? Make it more like 99.99% of players will never get rich from sports betting and that's being generous. Even if you were to find a route to successful betting, you would become an unprofitable player to the bookmaker or casino and they would severely limit your account within a few weeks or months. They control all the access and as a business they manage their profits by appealing to the biggest losers and cutting out the biggest winners, that is their business model. They design every interaction in order to have an advantage over the players, the best you can possibly hope to get is them being a reasonably impartial host of a game like poker, where they get money from the never ending rake where the action is less important.

It may seem impossible for someone to get rich from gambling. Even if they win big or hit the jackpot, they've likely already spent a significant amount of money, or even just a small amount of their winnings. Getting rich instantly from gambling seems highly unlikely in real life, except in gambling movies.

We play bet not because we wanted to get rich through in doing so, but we always expected to have fun as we gamble regardless of the game in consideration by us, but why cant it be well understood that gambling is for an entertainment purpose right form time and not as a way of earning from it, that we have opportunity of earning does not make it a source of income to us, because this only comes by luck and mostly when we least expect it coming.

Casinos have exact statistics of "lucky ones", but for obvious reasons, they will not announce these statistics.

I believe you are right in the statement that most gamblers will not be able to become rich, because the rich are the owners of the casinos (look at their luxurious life). It is like a zero-sum game: someone is bound to lose.

I assume that each gambler believes in his uniqueness (the opportunity to get rich in the casino), otherwise, they would simply not place bets. After all, no one goes to the casino thinking that he is a loser and is bound to lose all his money, right. Everyone goes with the hope of winning, and therefore with the belief in his own specialty (to be among the 0.01% of lucky ones).

You are really righ, statistically, no one is getting rich from the casinos as much as people think. They are just passing their time and earning a little amount. We all know that casinos are not made to enrich their users. If they were really enriching people, then how would they earn and be rich? The odds and algorithms are designed in such a way that they only benefit the house. Some people do win, but their numbers are very minimal, meaning they are very rare. So here the question arises: why don't users give up and stop when they know the reality? The answer is ego, hope, and addiction, these are the core factors that come into play, and users continue without thinking about who they are actually making rich.

https://talkimg.com/images/2025/08/14/USouPf.png (https://www.bettoredge.com/post/what-percentage-of-sports-bettors-are-profitable)

Look at this, thry are sayin 2-3% but I think it should be 2-5% of the gamblers, who could earn some profit that shows that the biggest percent or  95-98% are not profitable.
If you are someone like experts or resource person then you could barely ever get 60% win rates and mostly have 53-55% close enough pass the bookmaker edge.
The others are just the game dopies. huge risk VIP clients Thier loss keeps them addicted & lets them gamble more while only 10- 15 % hold the highest share of profits
So yes a lot of wagerer are not accepting the reality they think they are exceptional but the truth is that odds are made to counter them . The true profiteers are knowledgeable analysts , not self proclaimed geniuses.. lol

At its core, the bookmaker is the one who benefits from any bet whether it's sports or casino games people are too hopeful that they can change their fortunes overnight through gambling, but that's just a dream because 90% of players will lose their bets.

Why do some people still believe that gambling can make them rich? In sports betting, choosing high-risk options means higher losses, so the risks and rewards are balanced. Don’t be surprised that many people go bankrupt from gambling due to greed.

The potential profits are naturally alluring to many, especially those in the lower-middle class, who are typically drawn to quick or instantaneous gains. However, in gambling, luck is crucial. Without it, winning is difficult. Many people misunderstand gambling, believing it to be a guaranteed source of profit, leading to addiction.

The thing about gambling is that only the lucky ones will win, and this amount is usually about one in a thousand, although it is not a specific number or result, but that is how it is working on.
And at the same time, we also have to remember that gambling is not a quick scheme. So it's natural that most people won't get rich by gambling. And if it were really possible to get rich by gambling, there would be no such thing as poverty in the world today. There are many poor countries where people are interested in gambling, but the people there remain poor. In fact, gambling makes them poorer.
I think the only people who get rich from gambling are those who have extreme levels of luck. I don't think so he won because of any strategy or skill here.

Winning on bet is purely based on luck and chance so the probability of a gambler becoming rich via gambling will be very low it's about 0.5 over hundred which is very rare, no gambler should at the first place gamble with the hopes of getting rich because anyone thinking about getting via gambling has a very wrong mindset which suppose to be corrected

Your title is bit misleading it makes it sound like 1% of players actually get rich from betting. But in your post, you basically said that almost no one really wins in the long run especially in casino games. Kidding aside.

As for why people still try to get rich through sports betting, it might be because they're overly confident or they genuinely believe that there's a chance to make rich.
Some think they have special strategy. Sometimes, when they win early on that it makes them believe even more that they can do it. Often, people just think they’re the exception, even if the statistics clearly say different..

There are also a lot of factors to consider that is why it is not so easy just to research. Players have different amount of capital. Players play for different amount of time. Players have different betting strategies. It is complicated to generalize sports bettors.
Yes to the second question sometimes. But most of the time, a lot of people just rely on hope. They are hoping that they end up winning big and end up becoming millionaire very easily.

Are there people who want to get rich by gambling? It will be ridiculous to say the least. Most of the people I know that won big like $5,000 have gone back to square 1. At least $5,000 is quite reasonable to win in gambling from where I am. Such amount is quite huge to start a good investment but such winners couldn't utilize it. And the reason is that, as a gambler who won such money, you have the believe that it is your season of luck then you increase your stake from your winning. The point is gamblers have a character of continue playing when they win and thereby losing most of the money which brings them back to status quo, making it difficult to get rich with gambling.

It can only be possible if you stop gambling when you win huge but we know it is difficult to see a gambling letting go of gambling because he won. No, they will go back and lose more than what was won. Or, it because useless to invest on some tangible project for gradual financial growth.

They might become rich temporarily when they win a huge amount of money. But the problem lies in them sustaining that riches. If they win today and spend all the money, while hoping that tomorrow they will win again and continuously, they are obviously living in delusion.

Although gambling is unpredictable, that does not change the fact that people are also winning. Only those who are able to put their money to good use always appear richer.

The 99% is too high, I don't agree with you and I don't also have any analytical data to prove that your assumptions is wrong but in sports betting there are at least successful bettors who has become rich (more than 10%) and that is even where other gamblers grow their desire to get rich too from  betting. Before you disagree that more than 10% bettors can not become rich, it depends on the point you are picturing it from, being rich as a bettors could be that you had some few huge winning and utilized the money well to build your self but if you just want to be reliant on the betting without doing any investment with your winning, you will spend all the money and still go broke. Many sports bettors win so much money mate, but to be rich you must learn how to grow your money using another method and not betting again.

If hundred people is into gambling today it's clear not the hundred people who is into gambling and who gambles often will make success from gambling, the thing is that in gambling, the players knows that is on probation in gambling, it may likely win or not, why I said you may likely win or not is that gambling is something that has no assurance that you are going to win or not, the main thing in gambling is that have a zero expectation of wining, because not most of people that gambles today wins in the gambling today, most of the people who gambles doesn't gamble to win but they gamble for the purpose of entertainment

There may be cases in gambling where a gambler has not been able to recover his losses even after winning a big jackpot. This will not be the case for all gamblers. There are many gamblers who have won the jackpot by placing very small bets. Luck does not favor everyone, which is why most people may not agree, but there are many cases. There are many people in gambling who have changed their lives after winning.

I wondered what the actual percentage was because it seems to me that saying 1% would get rich on bets is too high.  So I turned to Grok and asked it to estimate the percentage of gamblers that will get rich from gambling.  I had it go into a deep think cycle and told it to be as accurate as possible.  The result...

According to Grok after an unusually long deep thought cycle where it was coming up with estimates for each type of gambling and the number of players, etc...  The percentage of gamblers that will get rich from gambling is...

0.0001%

Happy betting!

I can say differently for sports betting, it is higher than the percentage you reckon, at least above 5% or so.

Sports betting and casino games can't have the same probability, sport bettors originally depend on skill level, this speaks more on how efficient for few times they might be winning their bets, unlike casino games that the house decides.

Becoming rich in gambling is pure luck, otherwise keep on enrolling more bankroll it will only end in jeopardy.

Most of those gamblers you are talking about were introduced to gambling for the first time recently. It's a subject they aren't educated or experienced about yet. And since it's a new thing for them, they lack data and history to make a comparison.

Moreover, virtual platforms and sports betting are relatively new phenomenons, so people believe it can work, as it's different from the old traditional lottery game and similars.

It's going to take a while until these people finally learn they are going to lose the more they play. They have to lose by themselves to understand that, as advices and warnings from others aren't taken into consideration.

Yes this truth , it is not just all about winning huge amounts or  the fact that someone win huge amount from gambling doesn't really makes them rich. It is there ability to be able to sustain the money they won that really counts, just like what you said there are people who has win huge amount of money from gambling but after some time they go back to square one . So I believe it will be wrong to say gambling do makes ones rich because even if one is successful with gambling and lack the right investment mindset they will always go back to the same financial status quo.

Because of the house edge, the house (casino) will always win in the long run; that is how they stay profitable and don't run out of business. I definitely hope that one day i am lucky and win a life-changing money, but i am not crazy to be gambling in order to become rich. I cannot leave my chances of becoming rich to luck, because that is what gambling is about, luck. Only a very few persons can get lucky and become rich through gambling and that is a fact.

I have always believed that the percentage of sports betting players who suffer losses in the long run is much lower, and I was disappointed by the fact that, according to statistics, there are as many as 95% of them. And this figure turned out to be the same as the number of traders who lose their deposit in trading.

People always tend to copy what others do, especially if the other person has been successful in life and become very rich. There are many stories of people who were poor but became very rich thanks to gambling. They are stories of people who won the lottery, won at casinos, and won at sports betting. When an ordinary person who has never gambled hears a news story on TV saying that someone won a lot of money at an online casino, that person watching TV becomes motivated to gamble too.

For example:

this guy's name is TONY 'LIZARD' BLOOM, he's a sports bettor

https://www.talkimg.com/images/2025/08/14/USoLAP.png


https://www.tradematesports.com/en/blog/10-people-rich-sports-betting

When most people read this article, they will be more confident that they can also make a profit in sports betting, even if it is difficult. People continue to bet because they have hope. Now, if people are betting for entertainment and have a lot of knowledge about betting, it is possible to make a profit, they just need to use money they can afford to lose.

We were discussing about this a few days ago in another thread, we should be able to dream and keep hope without wasting much money. If gambling (and sports betting) is about luck, and only a few persons can become rich, chances of reaching the 1% of luckiest winners makes spending much relying too much in our uniqueness a too risky strategy. But the possibility of winning is still real, and there are other, better approaches to gambling than the one mentioned.

The first question that came to my mind was how many people aim to get rich by gambling. Most people gamble for a bit of fun. The possibility of winning something that day is fun for them. Their goal is never to get rich; they gamble for the thrill of it, whether it's sports betting or other betting games.

Many gamblers are aware of the high risk and continue gambling with this in mind. There's probably no gambler who doesn't know that there's a house edge in all games. In sports betting, easier winnings can be achieved by using good strategies, but there are still many equations and probabilities.

Don’t blame gamblers who get deceived obviously a lot of gambling wins are all over the net including fake wins just to advertise the casino. Honestly some YouTube streamers intend to showcase heavy wins and gamblers get attracted to what’s favorable following same pattern and casino type not minding the unpredictable state.
Betting is never meant as means of escaping poverty reason why people fail always while gambling, they refuse to learn gambling is all about luck else if gambling win comes with strategy 99% of gamblers will win on a daily basis. Gamblers in general want to win, we gamble for fun but winning comes with an extra fun I guess no one can deny the fact winning makes gamblers happy yet over gambling because of a win either with the aim of getting rich sounds wrong.

Yes, it's true that winning in gambling may seems impossible, most especially when you are gambling on Sport Games whose winning are usually a product of the team's/players performance, or neither a Casino Game whose outcome is also likely a product of random agorithm. Because literally looking how gambling is been structured, it is obvious that on each game played, the casino has a 99.9% chance of winning your money, unlike you having just 0.1% of winning the casino's money. Which is why when people are lucky enough to hit the jackpot, it can only take an undisciplined individual to lose back his money to gambling still.

I don't know how true this is but it does not apply to me because I have won more money from casino games than in sports betting. To be specific, I have won more money playing slot this year alone than I have won in sports betting my entire life. If I do check and balance, I am even in huge loss for sports betting whereas I am in huge profit for casino games. This is why I have pushed most of my resources towards casino games than sports betting. I know it will be different for a lot of people.

No need for studies or links. Just look at how gambling industry are doing these days and you can already tell if it's true or not. Look at those casinos or sports betting companies sponsoring major leagues, they wouldn’t be doing that if they thought they would have a losing business. Developing skills in sports betting is not very simple, same with winning long term. Some if not majority may not even achieve it, even after betting for a long time.

Yea it Is a fantasy and sometimes this fantasy becomes reality to some people by virtual of luck but ordinarily it is very wrong for someone to have it in mind that they will become or get rich from gambling. Because it doesn't work in that manner and if this was so, many people would have become rich and some company would have shutdown by now. Gambling is a game of luck but sometimes our analysis help us to make profit but gambling is also mysterious because sometimes you don't understand how some things happen, sometimes it happened like magic. The best way to gamble is knowing that winning is not guarantee.

No one can be too sure. Truth is that gambling in general is all about luck. It doesn't matter what kind of strategy you think you have or some pattern that you kinda follow to make profits from your gambling, it still falls down to how lucky you are. If eventually you aren't as lucky as you taught, you may end up takings risks that are going to be unfortunate.

as a gambler you don't need to have such a mindset to get rich from gambling. It would ruin you in a way and you may not be able to apply good risk management because you want to risk more and get rich quick...

It's true that the house always win and they're the only ones that becomes rich except for a very chosen few that wins the jackpots.
Or those few that have the balls for larger sums of money that they bet for. Or those that becomes very lucky when they spin and hits the jackpot.
But if there is a way to become rich in gambling, work for a casino, be an affiliate or master how sports betting could lift you up with strategies.

The name of the business is of course what is sought is the profit and the bookmaker does that, but it is not wrong as long as they implement fair games and platforms that have been audited by the government,
some Legal casinos that have received certificates have also implemented the appropriate RTP so that no manipulation is done.

Related to the profits that the player will get will be given quite well, because every system that is applied in a gambling casino will give a jackpot to several accounts,
and it will be an opportunity for the player to be able to become rich in gambling, but it is very rare and this also depends on the psychology of each player.

Players won't always win in the long run, they need to know when they're going to stop and enjoy the win, or they're going to be taken back because of their greed.

If you know how gambling works, you will only think less on getting rich on it eventually. Because as what I’ve seen and even experienced in gambling, specifically sports betting, there are more possible losses than wins, no matter how pro or skilled you are in your game.

Betting is never the best option to get rich, but focus on investment instead. Or just gamble for fun, at least with that kind of mindset, less pressure and less worries, you will definitely make the best of it and have fun.

actually, none of us are trying to get into the aforementioned 0.01%. we would like that to happen, but it is not our realistic goal. we don't want to manage our lives with gambling in the long run either.

all we want is for our current bets to win. we don't want to see this as a lifelong job either. i think most of us want enough money to not have to worry about these things, but we know we can’t achieve that through gambling.

what i mean is, we see gambling as just an easy way to make money. we just want to win the jackpot once, but even if that happens, we end up succumbing to our emotions.

I like the several facts that has been stated in this text which I, 100 percent agree to
1. Most people will not get rich through gambling
2. Most people lose money and a lot of it in gambling

The answer is because they believe that they are different. That they have a different skillset and strategy to do it better than the other people will. Or rather that they carry some crazy type of luck with them.

Come to think of it, what if the person becomes so lucky that when they joined gambling newly, they hit a jackpot and then leave and never come back again? Can’t that be the case of some people that may fall into the 1% category of making riches through gambling? Or could they also feel that since they’ve won it once, they’ll still come back to want to try again to see if they could hit the jackpot the second term and if they fail, they continue to try until they lose everything, become addicted and then regret their actions.


This is the same for all humans. When you’re going into a new place that many have tried and failed, you’ll always build a confidence in yourself that you can do it, especially when you know there is a possibility of someone succeeding like in the odds of gambling that you can.

The reality is harsh, and it is discouraging. But this is an eye-opener for us to stop assuming that gambling is the solution to our financial problems. It is not a medium to become rich other than through hard work and multiple streams of income. Instead, this is just for our entertainment. If this is in our mind, we no longer find gambling full of hope but rather just a normal activity in our lives. We never find pressure or regrets because we understand it in the first place. We may think there is luck, but we do not necessarily get attached to it. We wait for it to come rather than pursuing it.

I don't really know what makes people think they can get rich off gambling, you try everyday and you loss, yet win a little andoss them back to the casino, having read or heard from history, stories, books and magazines there has always been a circle that people do now win or make fortune overnight from gambling instead only a 1% does that which is very rare to see. so having the thought to make it from betting or gambling should be on the business side, developing a Casino or running such business in place of another person and for owning a casino it means you're not even poor. infact the possibility of gamblers being successful in life through gambling is 1% of 100.

It is also difficult not to pursue money during betting, to be honest. We all are constantly bombed with news of lucky winners on social media and how being lucky enough on casinos and bookies have literally changed their life for good, you know. When one is presented that kind of advertisement day and day out, then it is very tempting to sign up some casino and try to emulate what we have already seen in those ads. It is something I have fallen for before and I have met people who committed the same mistake.

Because of my experience, I don't reality judge people who chase money as newbies, it is better just to try and teach them and being a responsible gamble is about.

In as much as betting is not a guaranteed way to success, I think this your assumption is too close ended. 99% is very close to saying that no body can be successful through betting. I still remember some famous people who has made it big through betting and people who still make it bit from there. There people who actually make cool money from betting on a daily basis and I'm glad it's not just among my closer allies. Sometimes last 10 years, a famous artist presumably won 11 million from a certain bet company and used the money to sign into a record label which became his source of breakthrough. After one year later, I witnessed two friends win the sum of 8 million each by betting the same tickets and on receiving the money, they relocated immediately to the city and they're doing well today. One thing about betting is that it definitely needs a sensible player to enrich him. Back in my college days, one of my friends sponsored himself completely through sports betting and today he has a bigger future. Closing the box at 99% is too extreme I must say. There are people who betting has changed their lives and I can say it's going close to 10% and not just 1%. Betting responsibly and intentionally can make you utilise every single money you win at all time.

Although the majority of gamblers do not get the desired results when gambling, you will still see that people are gambling a lot. However, not all of these gamblers have the same ideas or thoughts. For example, there is a category of gamblers whose purpose is to gamble with the hope of earning a lot of money at some point, and while gambling, they reach such a bad stage of financial decline that people do not see them in a good light. Again, there is a category of gamblers who take this gambling game only as fun, for whom the results going against or in favor do not have much impact. Again, there is a category of gamblers who can gamble with complete control over gambling and besides, these gamblers can make all decisions well. Now, those gamblers who have a lot of knowledge about gambling and who have the ability to accept all decisions by risking money cannot be compared with those gamblers who start gambling to earn a lot of money through gambling.

People who want to get rich will definitely not choose to gamble. There are no consistent wins in gambling. The odds of becoming rich from betting must certainly have a higher percentage of wins with fewer losses. Those who eventually win in the long run can certainly be said to be very lucky. However, it is not possible to achieve long-term wins solely based on luck. They have strategies to lose less. This does not mean that they never lose.

At the end of the day there will be winners and of course much losers but in all of this there's no exceptions to who ought to lose and win, the luck that gamblers experience in hitting either a much significant profit or a jackpot is one that is random. Because if it wasn't as random as I think but exceptional then it would be concluded as though luck in gambling is bias which could also generate another perspective of saying gambling is not for everyone and that's why there's an exceptional ism. However, I am not debunking the reality that the results has always being that of much losers and few winners.

For many, sports predictions and bets become a regular habit. One-time victories give them confidence that it is possible to win next time with higher stakes. This happens from time to time, a kind of swing, but the habit is quickly formed, and the memory and good feeling will push people to place sports bets while perhaps improving their methods. In the end, winning with small amounts, for some, gives the most ordinary hope for a happy life. I think that, of course, there is a self-deception of exclusivity, and the more pushing and motivating stories about winning, the more often these people will make mistakes and lose.

Betting is a hobby that is extremely demanding in terms of skills. Firstly, you need to be able to understand both the teams themselves and their opponents very well. After all, the outcome of the match depends on at least two factors - the skills of the teams. But this is not all, there are still a lot of variables that you need to be able to take into account, such as weather conditions, location, mood and physical fitness of the players themselves.

But that's not all, so the bettor must have a large deposit so that his predictions last.

Therefore, the percentage of those who really earn money on this is so low.

He's not saying 100% of people will never get rich but rather than 1% are lucky people to hit big and that's so rare situation happened. We could see those things happening since most of the casino posted a huge gain made by their players for marketing purposes.

Its just people really need to get those messages posted and make people realize that gambling is not a easy get rich schemes since they might get broke first before they hit their very first win.

I feel bad for those people already win huge and for the first time they get huge money then misuse it since that situation might never happen to them again.

Somehow that is great learning experience and people need to learn from bad mistake made by other people so that they need to be more careful dealing with their money also with their winnings if it happens they get lucky to win huge on gambling.

Yes, it's truly impossible to achieve long-term success in gambling, especially since winning in gambling largely depends on luck, which doesn't happen consistently, but only occasionally or fleetingly. And even then, no one knows when it will happen.
Some forms of gambling do require skill to increase winnings, but you're right. This doesn't mean they never lose. Playing games that require skill only increases the chances of winning, but it's not a guarantee.

There are many factors to consider before choosing a bet, yet it is still not a guarantee that it will be accurate and profitable, because there are unpredictable things that may happen resulting in disappointing outcomes. That is why you shouldn't make gambling a means to earn money, you may still earn, but earning like receiving a salary on a regular basis is impossible.

"Hope", they say is what fuels motivation to keep and continue gambling even when in that present, it doesn't seem like things are going as initial planned or imagined, many gamblers live in the hope that one day, they would win that breakthrough amount of money that would change their lives for the better forever, so for this reason, they keep gambling, they keep playing even when they are going through constant loses with the total amount of money they have lost to gambling compounding and compounding.

Remember the saying that goes "quitters never win, and winners never quit"?, yeah, this is one of such reasons why most gamblers and sports bettors keep going regardless of their current situation, they believe they are just one game away to winning a huge sum of money, and of they quit playing now, they lose out on that opportunity, meanwhile, reality made us understand that we can't keep doing the same thing and expect a different result.

Luck is a major factor in gambling even in sports betting wherein knowledge is an edge. Many gamblers spend their money to bet in sports but only few are fortunate to win a decent amount. Anticipating to become rich is understandable, but keep in mind that even rich people can also lose their wealth in gambling if they're not wise.

Of course, it is true that no one gets rich because of gambling, but because of luck, very few people can give some amount of money, but if rich people gamble, they will definitely go bankrupt. Gambling is not a specific source of making money at all, but it is a place to lose money where people bet their money and lose it. In sports, people can win many times against the odds and sometimes they lose, basically it is very random. We must always accept that if we gamble, we can definitely win in one night and go bankrupt in the same night. That is why we should play with experience, although most people try to get rich in a short time, they are the ones who get into trouble very soon and go bankrupt.

But luck dependent gamblers ignore the reminders that other gamblers give them. It's true, there are others who know they are losing but still continue to gamble, that's their choice.

There are others who know they are losing often, but what they do is stay positive thinking that one day they will get lucky because they see gambling as hope, and when this happens it's hard to get rid of it from their minds.

High rollers do have multiple categories, just as the rich, someone could gamble a million dollars in a session, which could total for all the bankroll of another rich player in the house. So, even the rich gamers know their limits, and when they go past it out of pressure, it's quite their fault. But when a high roller gets really lucky, the win is always massive, that's why they're only searching for that one win that'll make the difference. Thereby hardening the control for high rollers and place them on high risk of losing a lot.

Winning on gambling and getting rich through gambling are different things. Even though you could maintain a winning streak or have a good profit from gambling, you can't get rich from it. For a gambler to hit a large win, they should have a good bankroll to bet with and be lucky.
For luck based games like dice and roulette, the longer you keep playing, the lower your chances of being in positive. Mathematically impossible when you do it for long term. But for sports betting, there are people that claim to be earning from it but in order to get rich, they either need to be lucky with risky bets or start with larger bets itself. So, no people could make a living from it but don't get rich just from it.

I know that for a fact and that's why if I chase my losses, it's not about the amount of my losses but the record that sometimes I can't take it a day having no win even for once.

In sports betting, the high rollers are like one-time, big-time people. If they have bet for a game and then it's with a huge wager, if they win that's it for them. But if they lose, they'll find some other ways of recovering it until they get it back. In most times, they don't get it back and that's the truth for all of us, only very few gets to the top.

The world of sports betting is somewhat less clear than the world of slots or other games where everything is decided by chance. I appreciate the op's honesty about the lack of credible research to back up the claim and specific numbers, as well as the links others provided to some estimates. I would agree that it is highly likely that the vast majority of people don't profit in the long run from sports betting. And, unfortunately, it's also likely that those who consider themselves “betting geniuses” usually lose money, showing that gambling exposes our weaknesses and habits.
I wouldn't consider it a career path, even though some people do seem to become successful in this area. To me, sports betting is more like a fun activity to do, a form of entertainment rather than a path to become rich.

If we look at the long term, almost everyone who gambles will eventually lose at sports betting, with the figure approaching 99%, this is not a myth. Winners often feel that they are great at analysis, without realizing that it is just temporary luck.


These people only think and believe in the analysis they have done previously, so they don't hesitate much when placing bets, without realizing that luck plays an important role in gambling. In the end, they will also realize that nothing can really be predicted with a high winning rate.

Yes, nobody wins in the long term, it's just because of luck. I still believe that 99% of people fail in their research analysis and rely on luck, but they continue to chase their losses because they think they are the exceptions. This is influenced greatly by their wins, but they are so easily misled. They remember their wins but forget their losses, and they need to reconsider their losses and find the mistakes to avoid them in their future betting. In short, I will say that those who you see as successful in gambling only win 50 to 60 percent of the time, and after bearing such huge losses, they reach a point where they can mix luck with their research analysis to place good bets.

Even the percentage you mentioned, 0.5%, I think it's not actually correct that this percentage of people can become rich by gambling; rather a percentage of people several times less than this can become rich by gambling.

And besides, it is rare that someone gets rich by gambling; we have seen people who have become rich by gambling and have won big amounts of rewards. At the same time, we have also seen many news stories where a gambler, after getting a jackpo,t has wasted that fund only to live a luxurious life. There are even many stories where a gambler has lost all his funds while gambling again. So we have to get out of this misconception that you can get rich by gambling.

1% is enough motivation to do something, the fact that you can just be the lucky one is enough motivation to keep on trying but while we're trying, we should also make sure we aren't getting lost in the attempt to look for that golden break. The strategy should be that we shouldn't put ourselves in conditions we go broke trying to make money but as far we're still with in the limit that we can live without having to be in debts then we can keep betting. While the bets might have started as a way of having some fun, we can still use them as another way to get a better life with one lucky bet. People still buy lottery tickets irrespective of the chances of winning is  slim but they know if they get the jackpot that their life is set for life.

Gambling relies heavily on luck, and the better gamblers understand this, the more they can control themselves. In sports betting, even after using knowledge and research to place bets, the results can be the opposite because sports are often unpredictable. If a rich person is not very serious about his wealth and always gives the highest importance to gambling, then it can create a bad situation for him. So it is true that a rich person can lose everything if he is not serious.

This is actually a fact, only a little percent of the population of gamblers can make significant profit from gambling and this is just as a result of luck. A wise gambler is supposed to know that gambling is a game that's centered around luck and a lot of gamblers might not experience luck while others might. My advice to people is, don't gamble with the aim to get rich just enjoy the game instead

Yes, it is true that gamblers can never become rich from gambling. But there can be good quality wins. But when someone wins, his greed increases and for this he thinks that if he continues gambling more, he will win more and gradually become rich. Such an attitude forces him to continue gambling. And thus he loses his winnings again. When he loses his winnings, he thinks that whatever he won was enough for him. And then he continues gambling just to recover that amount. And in this way he gradually loses a lot but cannot quit gambling. So it is seen that almost all gamblers cannot keep any profit at the last moment.

I think it's harder to get rich gambling than starting a business. If we analyze the percentage of people who are truly wealthy worldwide, the total is 1%. So I believe the percentage of people who can get rich gambling is much lower than that. I once heard a phrase that makes perfect sense to me: "Take your eyes off the money, and it will come to your pocket," referring to chasing wealth, only seeing what you can earn and not experiencing the process of building it.

I think there are different types of gamblers. Let me put it like this that there are different ways that gamblers see themselves when they gamble. And we take on one of those types of gambling personality when we gambler. If you are part of the gambling group, you will see many people who brag about them beating the odds and they will tell that story for the longest of time to come. These guys do not actually care about the money that they had won but it is their victory over the casino odds or house-edge that matters to them.

I strongly believe that at some point, it is not even about the money anymore but about who they are as gamblers and how their status will be upgraded in their betting community for how close they were to winning and other heroic-like narratives.

Many people claim they're enjoying gambling but they're not because they're losing, they're only lying to their self but hoping that they'll get lucky as others are getting lucky. It doesn't matter the reason why we're gambling, everybody doing it wants to win and that's why the addiction comes easy because when people get desperate to win, they do anything possible and that includes chasing losses which is one of the most causes of gambling addiction.

Since there's a high chances of we not winning, why don't we stop when we see that it isn't working for us and look for some other ways to have fun when it's fun that brought us to gamble but people won't do that instead they'll keep on trying untill they don't have any more money to keep gambling.

You can calculate the mass of an object 2 million light years away just by having some visible properties (Wave length λ): so literally, putting that into the right perspective, with the frequency of how these bets are placed and the volume of bet per day, we can make a rough guess on the probability that at most 1% of gamblers have enrich themselves from their winnings.

Exactlyyy!!! "Alice lost a hundred thousand dollars"... But I'm not Alice, so I'd better try my luck -- This is what literally everyone say to themselves. The quotes, motivations, the hype and everything is also a major concern.

I read a long time ago that the percentage of those who lose at sports betting is around 97%, but I don't think it matters much whether it's 97% or 99.99% if we know that the chances of the bettor winning are very small. However, these odds can be slightly improved in some sports, such as tennis where the odds are always 50-50, or if we play a double chance of an event (1X-X2) where the chances of us winning are around 66%, while the bookmakers' are only 33%.

Although there is no doubt that luck is one of the decisive factors when it comes to sports betting, the chances of winning are much higher if you turn the odds in your favor. Even if you play only one football match with the outcome that the home team will win, your chances of winning are 33%, because there are two more possible outcomes (x - 2) that are on the bookmaker's side.

Of course, the reason they don't stop is addiction. When someone is addicted, it takes a strong will to stop. For some, they need support from family to stop or even access to a gambling helpline. If this isn't met, they will gamble again when they have money. In fact, it is not impossible that this gambler will be gambled more worse than before.

It's very true, and those who do it are taking a huge risk by believing in something like that First of all, one must be responsible for their Actions and, consequently must take some responsibility for their own money One cannot and should not be so irresponsible in life, even Though they believe it can become an income option.

Gambling wasn't created to make gamblers rich - it's a game for those who want to have fun. However, in practice, many gamblers change their mindset simply because they think they can get rich by gambling, but they forget that this is the wrong approach to gambling.

The high or low odds of winning often trigger gamblers' desire to win money from gambling. They stake their money in the hope of winning - but they seem to forget that losses can occur even with a 99% chance of winning. Don't gamble to get rich - that's simply not a healthy mindset and is wrong.

If we take long-term periods like 20-30 years and even more, then I think that the percentage of long-term winning players will be much less than 1%. It may be 0.1%, but most likely these will be just individual successful players. A lot changes over long periods of time. From offline bookmakers, we have moved to online betting. We have generative artificial intelligence. It is difficult for me to imagine what else will appear in the sports betting industry. All these changes require adaptation on the part of professional players. Not everyone will be able to adapt to this. And I have not yet mentioned that bookmakers are actively blocking the accounts of long-term successful players.

In a game such as dice, the odds of a bet are almost 50/50 but the casino usually wins in the end. Why? Because it’s not about the house edge but because of the size of bets when a gambler is losing.

Most dice gamblers bet little while on 50/50, but if they have a streak of loses they make their bets larger. Eventually the last bet will be so large it lost then their account is emptied. And the casino wins. I would say 90% or maybe 95% of dice players are losers.

And this is all with a small 0.5% house edge.

In casino games, most players lose their bets and 99 percent of the people lose, and the few who remain are lucky and win from their experience. However, in sports betting, people who bet on sports do not lose much but win, and sometimes people even bet on winning easily. In my experience, very few people have become rich by playing casinos, the only big winners are those who are very lucky. Those who play badly can win the jackpot in a short time, but most people lose their money. Gambling is never a way to get rich, mainly those who are lucky can. But sports betting does not have a very high rating due to which people cannot get rich from it, but there are many experienced people who practice patterns in different ways and achieve good wins.

99% are at a loss and the remaining one percent are at a profit, although they occasionally win the jackpot, that's different. Moreover, as far as I've seen, no one has ever become rich by gambling. Those who participate in gambling are always at a loss, and those who manage the gambling, i.e. the authorities, are the ones who mainly profit. If I compare my profits and losses, the profits are very small. My losses are so high that I have decided not to gamble anymore.

99% of all the people in the world will never get rich, whatever they do... The trick is that many people don't work/gamble in a way that could lead to wealth. It's simple, do you think someone will get rich by working a safe 9-5 job? Or that someone will get rich by gambling if they don't play certain games with certain stakes?

You can't get rich if you don't take risks, and the smaller the starting capital, the more you need to take risks... sad truth, but I didn't write the rules. And of course, there are exceptions. Let's not forget the luck factor... anyone can play the lottery and spend/risk minimal amounts of money and win crazy big. However, we all know the chances of that happening.

Just by looking at the terms and conditions, it's clear that players have a lower win rate than loss rate, while the house edge has a higher win rate and a lower loss rate. But this shouldn't be surprising, as this is normal, as they're seeking profit, and this is a business. If you enjoy gambling, you must set limits and maintain discipline so you don't overdo it. And don't place high expectations on gambling, as this can lead to ruin.
The title, which is op-ed, is a reality, as only a small percentage of people become rich through gambling. In fact, I believe that when someone wins big, their winnings are likely to be lost, even if they've already withdrawn their winnings, but they can still deposit them back.

Certainly it's obvious that the rate at which players tend to win it's quite fair compared to the countless loses encountered, overtime the reality check on bettors holds it that sports betting has been a thrilling game but got the highest rate of losses than wins which is a more reason I agree to the fact that 99% of players lose more than they gainand since it's not a get rich quick scheme, it'll be hard to achieve that.

I think thet any business should generate profit otherwise, there would be no point in all the effort. It’s better to treat gambling as just a game of luck, if you win, you can spend that money on something that brings joy and pleasure, and if you lose, the amount should be not very big enough that you won’t regret it much. I enjoy playing, but I don’t believe there’s any strategy that can truly make you rich through gambling.

If, instead of simply quoting the OP to write your quick post, you had bothered to look at the comments on the first page, you would have seen that I already refuted what the OP said (https://bitcointalk.org/index.php?topic=5554916.msg65690567#msg65690567). But unfortunately, it's not uncommon in this forum for a thread to be based on a false premise and turn into a multi-page discussion with people writing without thinking too much.

Yes, we all should always know that gambling can never make more money. However, in some cases it is possible to win a large number based on fate.  It is important to be aware of our strategies about our bet before betting. Bad is usually on the two sides, one is the opposite for our own. Always keep in mind that the most money bet has been caught in a side. It should be avoided, because Casino is created in a way where they will interfere with more money. Every gamble should be betting on your own, so that it will not be a problem if you lose any money.

It's hard to determine whether they are lucky or not, indeed genius is needed in sports betting, but that alone is not enough because we only rely on players to win the match, there is no accurate prediction but we can make the risk as minimal as possible, and I don't agree with no one getting rich in sports betting, usually people who are rich in sports will not tell anyone what they predict

All calculations that cannot be done, i am not good at calculations but i know for sure that a lot depends on luck, even if you think you can master luck, it is not like that.
Lotto is a popular game in Italy, and people make crazy calculations based on numbers that haven't come up for months. They often even bet on houses and lose everything.
So let's take the game for what it is, a game.

From my observation, it's only a few people that get rich in sport betting and that's also based on luck, like you already we are only prediction based on how we think the players are going to perform but not that we can certainly determine what would be the outcome because things could go south even when one thinks they have got a good prediction.

Just by looking at the terms and conditions, it's clear that players have a lower win rate than loss rate, while the house edge has a higher win rate and a lower loss rate. But this shouldn't be surprising, as this is normal, as they're seeking profit, and this is a business. If you enjoy gambling, you must set limits and maintain discipline so you don't overdo it. And don't place high expectations on gambling, as this can lead to ruin.
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Another factor is how the bookmaker arrange the odds to cover themselves and tempt bettors into going against their own instincts.
For example, if betting on Manchester United to beat Burnley, you will get very badlow odds. To make any decent money, then, you’ll have to put down a huge wager this can still go wrong, either by Burnley pulling off a shock win at the Old Trafford Stadium, or the game resulting in a draw, meaning you lose a lot of money.

Betting on Burnley will get you some relatively good odds (but not so amazing that you could retire on the winnings) so you can place much less money on it – but then you’re likely to be throwing that money away, simply because the likelihood of Burnley winning is so remote. Over a period of time, then, gamblers tend to make too many mistakes and come out down overall.

If 99% of gamblers win, the gambling companies will lose because they will never be able to pay those gamblers. Therefore, it is natural to assume that the probability of losing is higher than winning in gambling. Only those who can be lucky win. Even if you win one or two bets, there will be a high probability of losing in the next bet. Gambling is not for the purpose of profit, but if we can enjoy gambling that is enough. If anyone is lucky, they will definitely get the opportunity to get much.

That's true 99% of all gambler's will lose because casino's gain from the losing of the gambler so anytime that a gambler lose the casinos make money and any time that a gambler win the casino loses money that is why gambling is programmed in such a way to favour the casino this is the reason that most gambler's will not make it rich through gambling because the odds are against them

This doesn’t only apply to sports betting but also to other kinds of predictions. With trading, it’s exactly the same, in my opinion. That’s why I don’t believe those who easily publish price change forecasts three times a day. A person who is truly good at making money through any kind of predictions won’t share them with others, because it benefits him when others make opposite forecasts and bets. That way, he will earn more.

It's possible that many gamblers can even win almost all the time or even everyday  but the amount of losses they will also get will definitely be higher than their profits and no matter how they win and lose repeatedly, they can not be rich because the casinos house edge only makes the casinos richers while give gives player a very small chance, only the luckiest wins a jackpot.

It’s also very important to take into account the time frame we are analyzing. A player may hit a jackpot, but lose it along with an additional sum just a week later. Would that person still be considered lucky? I think losses always outweigh wins, because only a very few can stop and actually lock in their winnings. To remain permanently in profit and never play again.

Statistically, the longer they play their chances of winning is bigger than a few bets so they keep betting as long as they can. And it is not wrong if they are not betting then they can't win any money right? But also house always wins in the longer runs which is average of all the wagered not the individual rewards so as a individual they can go and try to win some money that is the conclusion why they are betting longer.

In such cases, only a handful of people with a high level of aggressiveness would do so because personally (I am referring to myself) when there is a bet that is not very comparable, where there is a favorite club with small odds, I always skip the 1x2 and replace it with another bet where the odds are more feasible, such as BTTS or Over/Under. Under. This way, the bets we place remain the same in terms of the amount we've set, and even if the outcome doesn't meet our expectations, we won't feel the loss as acutely as we would with a larger bet, especially for a team that isn't ideally suited for betting due to poor performance, like Manchester United.

Such cases may indeed occur, but not all gamblers do the same, and I am not among them because the bets I place are no more than $5 (and even that is very rare) because I usually bet less than that in matches one session.

 

I don't think so, because looking at the bets we make, it doesn't matter how long or how short we play, but rather how much odds the bookie gives in the bets that will happen later.


Even if we are just starting to play, if the odds offered are high enough, especially for multi bets, it is still very possible for them to occur. Conversely, even if we gamble for a long time, when the odds seem easy, usually for matches that are not too balanced in terms of strength, it is certain that we will only get a small profit because the odds also clearly favor one club.

Therefore, there is no fixed rule regarding how long or short we should gamble, as the situation in betting remains the same, with the odds in the bet serving as the benchmark.

Anyone that gets rich from gambling is a mistake or you can just call it luck because the bookies or casinos don't actually want that...they business only keeps running when gamblers keep on losing..I remember when a punter on Twitter dropped a game using 22 bet platform and more than 1000 persons copied the booking code and placed a bet on it, after much wins they had to settle it was said that they went bankrupt because they didn't have enough to settle all the winners for a couple of months..This tells you that everything is really designed for gamblers to lose

Reasons been because some wins are usually short term and balanced with constant losses.Initially, betting platforms have created a lasting advantage that they make more money while some players have been designed to be losers.This kind of strategy will never fetch wealth for so many bettors.